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Indian Insurer ICICI Lombard Hopes to Raise $892 Million with IPO

ICICI Lombard General Insurance Co Ltd’s initial public offering of shares opening next week aims to raise up to 57 billion rupees ($892 million), the latest listing in what is expected to be a record-setting year for India. India has …

Arkema Sued by Police, EMTs over Chemical Plant Fire after Harvey

Police and emergency workers filed suit on against French chemicals company Arkema SA, claiming it failed to take adequate steps to avoid a fire at its Crosby, Texas, plant after Hurricane Harvey. Seven police, fire and emergency medical technicians sued …

Hedge Funds Overseeing Cat Bonds Try to Remain Calm Over Irma

Greg Hagood didn’t have many details to work with on Thursday afternoon. Hurricane Irma wasn’t expected to make landfall in South Florida for another 64 hours. Projections for its path were all over the place, especially considering that a centimeter …

Chemical Fallout from Hurricane Irma Could Be Worse than Harvey’s

Before flames and smoke leaped into the sky over the Arkema chemical plant in Crosby, Texas, last week, Jolyn Masters was hunkered down at home on a Hurricane Harvey-flooded street a mile away. Then came a knock. A National Guard …

New York’s ‘Sixth Borough’ with Trophy Condos in Hurricane Irma’s Path

Beyond the bar and the palm-fringed pool, past the gold-leafed columns and floor-to-ceiling murals, workers at the grand Faena Hotel Miami Beach prepared for Hurricane Irma’s fury. Their unusual assignment: fortify the four layers of bullet-proof glass encasing a gilded, …

Irma Update: Georgia Coast Evacuation Underway; Gas, Water Shortages in Miami

Hurricane Irma, one of the most powerful Atlantic storms in a century, drove toward Florida on Friday after lashing the Caribbean with devastating winds and torrential rain, killing 19 people and leaving a swathe of catastrophic destruction. Irma was about …

Swiss Re’s Eisele Joins Guy Carpenter as CEO of Pacific Region; Eider Joins Advisory Board

Global reinsurance specialist Guy Carpenter & Co., a wholly-owned subsidiary of Marsh & McLennan Companies, has appointed Andre Eisele to the role of CEO of the Pacific Region. In addition, Heinrich Eder will join the Guy Carpenter Advisory Board for …

Willis Towers Watson Hires Pipala in New York

Willis Towers Watson, a global advisory, broking and solutions company, has hired Tom Pipala as client advocate in its real estate and hospitality practice, which is part of its corporate risk and broking business. Based in New York, Pipala will …

New Jersey’s Jimcor Agency Announces Updates to Strategic Leadership Team

Jimcor Agency Inc., an independent managing general agent and wholesaler headquartered in Montvale, N.J., has announced updates to its strategic leadership team with several promotions. Renee Azelby was promoted to vice president and sales manager based in Jimcor’s Southern New …

Insurance Agents & Brokers Announces Directors and Officers Elections

Membership of the independent insurance agents’ associations in Delaware, Maryland and Pennsylvania recently held elections for volunteer and leadership positions, with terms that began Sept. 1. Larry Wilson of S.T. Good Insurance in Newark, Del., was re-elected to the Delaware …

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